ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, April 7, 1994                   TAG: 9404070010
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short


REPORTED EARNINGS

circuit city Circuit City Stores, Inc., Richmond-based electronics retailer operating in Roanoke, on Wednesday reported record sales for March, and record earnings for the fiscal year and fourth quarter ended February 28.

March sales rose 32 percent, to $346.7 million from $263.2 million in March 1993. Comparable-store sales increased 14 percent.

Net earnings for the year rose 20 percent, to $132.4 million from $110.3 million in fiscal 1993. Net earnings per share rose 18 percent, to $1.36 from $1.15. Sales increased 26 percent, to $4.13 billion from $3.27 billion. Comparable-store sales rose 8 percent.

Fourth-quarter net earnings increased 11 percent, to $67.7 million from $60.8 million. Earnings per share also rose 11 percent, to 70 cents from 63 cents. Sales rose 28 percent, to $1.41 billion from $1.10 billion. Comparable-store sales increased 9 percent.



 by CNB